Inditex
From Wikipedia, the free encyclopedia Inditex, S.A. | | Type | Public (BMAD: ITX) | Founded | A Coruña, Spain (1974) | Founder(s) | Amancio Ortega
Rosalía Mera | Headquarters | Arteixo, A Coruña, Spain | Key people | Amancio Ortega (Chairman)
Pablo Isla (CEO)
Ignacio Fernández (CFO) | Industry | Retail | Products | Clothing, Accessories | Revenue | €10.41 billion (2008)[1] | Operating income | ▲ €1.609 billion (2008)[1] | Net income | ▲ €1.253 billion (2008)[1] | Employees | 89,110 (2008)[1] | Subsidiaries | Zara, Pull and Bear, Bershka,Massimo Dutti, Stradivarius,Oysho, Zara Home, Uterqüe | Website | www.inditex.com |
Inditex, INdustrias de DIseño TEXtil, S.A., (English: Textile Design Industries, Inc.) (BMAD: ITX), is a large Spanish corporation and one of the world's largest fashion groups. It is made up of almost a hundred companies dealing with activities related to textile design, production and distribution. Amancio Ortega Gaona, Spain's richest man, is the founder and current chairman of Inditex.
Inditex runs over 4,350 stores worldwide[2] and owns brands like Zara, Massimo Dutti, Bershka, Oysho, Pull and Bear, Zara Home, Uterqüe and Stradivarius. Most stores are corporate-owned since franchises are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).
The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.
Inditex headquarters are located in Arteixo, a village in the province of A Coruña in Galicia, in the north west of Spain. It is there where almost all its merchandises are manufactured. In addition they have another big plant mainly responsible for shoes’ design, production and distribution in Elche, a well-known town of Alicante’s province in the Spanish Mediterranean coast.